Live Webinar January 18th, 2023 1:00 pm – 2:00 pm EDT
Activity Type: Education – Course or Training  1 Hour  1 PDU
Provider: PMTA  Project Management Training Alliance

Join  Bill Flanagan, MBA, PE, PMI-RMP, PMP in which he will explain the  huge benefits you will achieve in using a Monte Carlo Simulation to analyze your project risk.

Bill will cover the following in this webinar:

• Basics of what a Monte Carlo Simulation is and how it is setup on a project.
• Demonstration of how the integrated schedule-cost risk of a project compares to the deterministic values of cost and schedule.  Once seeing this you will probably never go back to developing a schedule and cost estimate with purely deterministic values again.
• Demonstration of how the Sensitivity (Tornado) Analysis, calculated with the Monte Carlo, show us which activities in the schedule have the largest potential impact on our schedule and cost.  This allows us to focus on the biggest bang for the buck.
• Demonstration of how the Monte Carlo shows us which non-critical activities are likely to become critical as we proceed through the schedule. This understanding is critical to staying on schedule.

Bill will wrap up the webinar by showing how cost effective the tool that runs a Monte Carlo on your schedule is.

Presenter: William (Bill) Flanagan, PMP, PMI-RMP, PE (LinkedIn profile) has been a leader of people and projects for 45+ years.  In his early career, Bill served as a US Navy Nuclear Submarine Officer followed by 26 years in the Electric Power Industry in both business management and major nuclear plant upgrade and improvement projects. Today Bill is a Senior Instructor for Knowledge Source Inc and the North Carolina Project Management Institute (NCPMI) where he has taught Project Management and Risk Management classes for the last 15 years He holds a BS in Electrical Engineering and an MBA from North Carolina State University.  He is a Professional Engineer in the State of North Carolina and holds a PMP and a PMI-RMP Certification.

Click to register for:
Monte Carlo Simulation Demystified

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